17th June 2016
A HR Consultant has expressed concerns over the new National Living Wage and its effect on small businesses Cerys Ashley, of Ashley HR, spoke about the additional pressures the legislation will place on already-struggling small businesses. “Many small businesses will struggle to afford this. It comes at a time where wage costs have already increased with the introduction of pension auto-enrolment; this is another pressure employers are facing in already tough times.” The 1st of April this year saw the new National Living Wage (NLW) introduced where workers aged 25 and above will earn a minimum of £7.20 per hour – a 50 pence increase to the previous minimum wage. In practice, this is an additional age-band for the National Minimum Wage.